Walt Disney Co CEO Bob Iger said one of his top priorities is to make the company’s streaming business profitable.
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Netflix reversed customer losses that had hammered its shares this year and projected more growth ahead, reassuring Wall Street in the process.
CEO Bob Chapek is considering merging the Hulu streaming service with Disney+, creating a single online option for viewing the company’s movies and TV shows.
Walt Disney Co has sketched the contours of a plan for how the conglomerate will use technology to enhance storytelling for the next 100 years.
The former Disney CEO said traditional TV “is marching to a distinct precipice, and it’s going to be pushed off”.
Former Disney CEO Bob Iger said a “substantial portion” of Twitter’s users were “not real” in 2016 when Disney was weighing a purchase.
Netflix is considering pricing for its new advertising-supported tier, and it’s half as much as its current, most-popular plan.
Walt Disney Co edged past Netflix with a total of 221 million streaming customers and announced it will increase prices for US customers.
A closer look at the streaming giant’s latest financial results indicates it still faces significant hurdles.
Netflix has averted its own worst-case scenario of subscriber losses, posting a nearly one million drop from April to June.